Project Profile
Location: 25 km west of the Norne oil/gas field in the Norwegian Sea
Water Depth: 370 metres
Licences expiry date: December 2016
The licenses are located some 25 kilometres west of the Norne oil/gas field in the Norwegian Sea in water depth of 370 metres. The adjacent Marulk gas field is producing from similar Cretaceous reservoirs as being targeted in PL760 and PL760B. Further, the deep water Aasta Hansteen gas/condensate field to the north is under development including the Polarled gas pipeline to shore passing close to PL760. Drilling could take place in 2016 or 2017, given a drill decision in February 2016. The parties in the licenses will be Total with 50% interest and Lime Norway with 50% (bought from EnQuest Norge in August 2015).
Operators:
Total: Operator with 50% interest
Lime Petroleum Norway: 50% interest